THE FRANCIS E PARKER ASSISTED LIVI… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2005

Legal Domicile

Principal Officer

ROBERTO MUNIZ

Phone

7325458330

Tax Period

2024-01-01 to 2024-12-31

THE FRANCIS E PARKER ASSISTED LIVING CENTER INC, founded in 2005, is a community nonprofit in the Human Services sector that reported $4.9M in total revenue in fiscal year 2024. Expenses of $9.4M exceeded revenue, resulting in a 92% operating deficit.

Mission

FRANCIS E. PARKER ASSISTED LIVING CENTER INC. PROVIDES TRANSFORMATIVE AND CHARITABLE LONG TERM CARE SERVICES IN HOME-LIKE SETTINGS WHILE ADVANCING LEARNING OPPORTUNITIES FOR NURSES, HEALTH CARE PROFESSIONALS AND CAREGIVERS.

Program Service Accomplishments

Program 1

Expenses: $8,317,369 Revenue: $4,684,544

THE FRANCIS E PARKER ASSISTED LIVING CENTER PROVIDES HIGH-QUALITY ASSISTED LIVING CARE AT THE LOWEST FEASIBLE COST. CARE IS PROVIDED IN THE LEAST RESTRICTIVE AND HOME-LIKE ENVIRONMENT POSSIBLE. ALSO KNOWN AS PARKER AT STONEGATE, IT IS AN ASSISTED LIVING RESIDENCE AND HEALTH AND WELLNESS CENTER LOCATED IN HIGHLAND PARK, NEW JERSEY, SERVING THE NEEDS OF APPROXIMATELY 74 RESIDENTS. THE AVERAGE DAILY CENSUS FOR 2024 WAS 60.RESIDENTS ENJOY INDEPENDENCE AND LIFESTYLE CHOICES. SERVICES ARE DESIGNED TO ALLOW RESIDENTS TO LIVE AND THRIVE IN AN INDEPENDENT YET SECURE ENVIRONMENT THAT EMBRACES PERSONAL GROWTH AND ENRICHMENT. PARKER AT STONEGATE PROVIDES NURSING AND PERSONAL CARE 24 HOURS A DAY, SEVEN DAYS A WEEK.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $4,684,544

Investment Income $-978

Other Revenue $185,113

TOTAL REVENUE $4,868,679

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,348,217

Fundraising Expenses $0

Program Expenses $8,317,369

Other Expenses $4,006,233

TOTAL EXPENSES $9,354,450

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,868,679	$4,538,721	+0.1%
Expenses	$9,354,450	$8,675,754	+0.1%
Net Income	$-4,485,771	$-4,137,033	+0.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$1,196,434

Total Directors

$1,114,683

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM R HAGAMAN JR	TRUSTEE	0.60	Director	$0	$0	$20,000
DENISE BOUDREAU	TRUSTEE	0.60	Director	$0	$0	$20,000
DIANE HILL PHD	TRUSTEE	0.60	Director	$0	$0	$20,000
JOHN A PAPA	TREASURER	2.00	Officer Director	$0	$0	$0
JOSEPH DOYLE	TRUSTEE	0.60	Director	$0	$0	$20,000
JOSEPH FERRO MD	TRUSTEE	0.60	Director	$0	$0	$18,000
JOSEPH G BRAUNREUTHER ESQ	SECRETARY	2.00	Officer Director	$0	$0	$20,000
JOSEPH VELDERMAN	TRUSTEE	0.60	Director	$0	$0	$20,000
CLIFFORD E HOLLAND	TRUSTEE	0.60	Director	$0	$0	$20,000
ALFRED F TALLIA MD MPH	TRUSTEE	0.60	Director	$0	$0	$20,000
MAJD ALWAN PHD	TRUSTEE	0.60	Director	$0	$0	$20,000
MARGUERITE K SCHLAG EDD RN	CHAIR	2.00	Officer Director	$0	$0	$25,000
PENELOPE LATTIMER PHD	TRUSTEE	0.60	Director	$0	$0	$20,000
ROBERTO MUNIZ MPA FLNHA	PRESIDENT/CEO	3.00	Officer Director	$0	$69,513	$831,683
STEPHEN LANDERS MD	TRUSTEE	0.60	Director	$0	$0	$0
WILLIAM P TIBBITT	TRUSTEE	0.60	Director	$0	$0	$20,000
LINDA SCHWIMMER JD	VICE-CHAIR	2.00	Officer Director	$0	$0	$20,000
NICHOLAS CARR	CFO	3.00	Officer	$0	$30,539	$299,751
MARCIA ANAGLATE	CERTIFIED ASST LIVING ADMIN.	40.00	Highest	$148,234	$17,311	$165,545
NIKHIL BAKHRU	DIRECTOR OF DINING	40.00	Highest	$128,655	$26,499	$155,154
JACQUELINE OUEDRAOGO	DIRECTOR OF NURSING	40.00	Highest	$134,471	$16,505	$150,976
LEONORA MARIE FITZGERALD	REGISTERED NURSE	40.00	Highest	$144,085	$17,649	$161,734

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$4,868,679	$9,354,450	$17,939,961	$-4,485,771
2023	$4,538,721	$8,675,754	$18,564,417	$-4,137,033
2022	$4,195,501	$8,267,788	$19,740,650	$-4,072,287
2021	$4,107,087	$8,034,988	$20,969,420	$-3,927,901
2020	$3,907,883	$7,758,295	$21,243,191	$-3,850,412
2019	$4,112,060	$8,544,285	$21,949,406	$-4,432,225
2018	$3,980,551	$7,931,556	$22,922,929	$-3,951,005

THE FRANCIS E PARKER ASSISTED LIVING CENTER INC